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Yellen speech today will be the final word before the Fed blackout

Yellen speaks today after the market closes
The usual thinking is that Yellen wouldn’t say anything market moving when the market is closed.
History shows that’s not the case. I can think of at least two occasions where she has spoken late Friday or a…

Forex technical analysis: AUDUSD tests 100 day MA. Key level. USD trades at session highs.

A move below would turn the bias more negative
Be aware.  The AUDUSD is down testing the 100 day MA at 0.7821 level.  Also near that level is the 38.2% of the move up from the May swing low at 0.7820. A move below would turn the technical bia…

Forex technical analysis: AUDUSD tests 100 day MA. Key level. USD trades at session highs.

A move below would turn the bias more negative
Be aware.  The AUDUSD is down testing the 100 day MA at 0.7821 level.  Also near that level is the 38.2% of the move up from the May swing low at 0.7820. A move below would turn the technical bia…

Forex technical analysis: USDJPY hangs near October highs

* actually took out the early October high and failed but back up near the level
The USDJPY is hanging near the early October high at 113.43. Actually, that high was taken out in trading earlier today with a print of 113.463, but the break failed. Neve…